Compliance & Regulation

There has been some slight loosening in loan underwriting, but it has been somewhat counterbalanced for first-time buyers by increased Federal Housing Administration loan restrictions and costs.

The bonds were all previously rated either CCCsf, CCsf, or Csf, which indicates that Fitch expected a default.

Upgrades might be in store for some Russian residential mortgage-backed securities thanks to recently enacted amendments to the country’s MBS law.

A legal-support firm under investigation by the Consumer Financial Protection Bureau is accusing the CFPB of overstepping its bounds in demanding personal information about the firm's clients.

The Consumer Financial Protection Bureau is already the busiest federal bank regulator in recent memory.

Prospective apartment renters nationwide are having an easier time meeting their lease obligations and avoiding default in the first quarter.

Quarterly origination estimates for this year drifted a little lower in Fannie Mae’s latest monthly economic outlook report.

PBI Bank lost a jury verdict that requires the financial institution to pay compensatory damages of $1.5 million and $5.5 million in punitive damages to a real estate developer.

The Federal Housing Administration might have lost as much as $1 billion in 2011 alone because of its poorly performing REO program, according to a new report from the Government Accountability Office.

Gateway Mortgage Group is now using Fiserv’s LoanServ mortgage servicing platform in line with the bank’s expectations to grow the home loan servicing portfolio through retail and correspondent channels.